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Cosmos Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Cosmos Bank Bangalore Bangalore Urban Karnataka

Bank
State
District
City
Branch
Address

MICR Code	560164002
Bank	Cosmos Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangalore
Contact	Mr. Kadam Rajesh, Manager,Ph.080-26565392, Fax. 080-26565623
Bank Details	Cosmos Co-Op Bank Ltd Bangalore COSB0000039

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560004
Country	IN
Address	26,s.s.plaza, patlamma street, south end circle, basavangudi, bangalore 560 004

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 560164002 for Bangalore branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 560164002 of Cosmos Cooperative Bank, Bangalore branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Bangalore

MICR code for Cosmos Bank Bangalore

Cosmos Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Cosmos Cooperative Bank MICR code for Bangalore is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 560164002 is the MICR code of Cosmos Bank for Bangalore branch. MICR code for Bangalore branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Cosmos Cooperative Bank Bangalore is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Bangalore branch in bangalore

The MICR code 560164002 is used in RBI cheque clearing process to identify the branch Bangalore and Cosmos Cooperative Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Cosmos Bank is typically in either of these two font’s: E-138 and CMC-7.